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Dec 31, 2021
Kearny Financial Q2 2022 Earnings Report
Reported net income of $18.8 million, or $0.26 per diluted share, for the quarter ended December 31, 2021.
Key Takeaways
Kearny Financial Corp. reported a net income of $18.8 million, or $0.26 per diluted share, for the quarter ended December 31, 2021. The company's commercial loan and core non-maturity deposit portfolios experienced growth, and its tangible capital now stands at 11.2% of tangible assets.
Net income for the quarter ended December 31, 2021 was $18.8 million, or $0.26 per diluted share.
Loans receivable increased $37.1 million to $4.83 billion at December 31, 2021.
Deposits increased $58.9 million to $5.45 billion at December 31, 2021.
The Board of Directors declared a quarterly cash dividend of $0.11 per share.
Kearny Financial
Kearny Financial
Forward Guidance
The company's balance sheet is well-positioned for the forecasted rising rate environment, and the commercial loan pipeline stands at a historically high level, which bodes well for loan growth prospects in the coming quarters.